|
|
|
|
|
|
by roymurdock
3959 days ago
|
|
|
Sure, if you have enough settled funds to make 10 substantive trades in a day. Say you have 10k of settled funds in your account. You can make a total of 10 $1k trades of SPY throughout the day, or 100 $100 trades. Your account is effectively frozen for the next 3 days as the trades "settle" and you are unable to do anything with them. So you would have needed to cash out of your bank 3 days prior to have active funds ready to go for the next day. AKA Robinhood gets 2-3 days to earn interest on your unsettled/uninvested funds. |
|
|